How to set your personal financial goals
Goal setting is vital to the success of any project, be it a DIY project around the house, fitness or finance, if you don’t have goals, you have no idea where you are heading. There are several key areas around financial goals that are vital – as with every objective or goal set, that they […]
How Does Financial Planning Work?
When considering using the services of a financial planner, it is important to familiarise yourself with not only what they do or what you expect from them, but also how they work. According to the Financial Planning Association of Australia (FPA), there are six (6) key elements when it how it comes to the workings […]
What does a financial planner not help me do?
Just as the previous chapter outlines what you should be working with your financial planner on, there are also several things that are outside of the financial planners ‘swimming lane’ that should always be worked through with the relevant professional. A good financial planner should work with not only your other financial consultants but also […]
What does a financial planner help me do?
There are many reasons that people seek advice from a financial planner. Financial advice can be useful at turning points in your life, like when you’re starting a family, being retrenched, planning for retirement or managing an inheritance.[1] The key is that you, as the client, understand fully what is on offer, what is being […]
How to get the best results through your financial consultants?
Now that you have a fundamental understanding of the roles of accountants, financial planners, financial advisors, and financial coaches, it is key to work through how to maximise their effectiveness and efficiency. You are ultimately responsible not only for the inputs (cash) and the opportunity cost (what you must give up in order to invest, […]
Financial Planner vs Financial Coach
There is often confusion when it comes to the world of finance. It could be said in many circles that the people that created and derived many of the financial products and services available in the market did so in a confusing way so that only those ‘privileged few’ could understand what was going on. […]
What does a financial planner do?
Planners spend the majority of their time advising clients on the following: investment planning, retirement planning, tax planning, estate planning, and risk management There are many misconceptions on what the role of a financial planner does, by now we hope that you have a more robust understanding of their important role as part of your […]
Financial planner vs accountants – what is the difference?
Financial planners, accountants, stockbrokers, bank managers, mortgage brokers … each has their own set of specific skills and can help you along your financial journey. When it comes to investing in your financial future, there are many professionals that can help you on your way. Financial planners, accountants, stockbrokers, bank managers, mortgage brokers and then […]
Financial Planners vs Financial Advisors
A financial advisor will consult with your financial planner, they are looking at one-off transaction, whereas your financial planner is looking at the long term There is no shortage of jargon in the financial sector, much of which many people may feel has been specifically designed to confuse laypeople. However, this is seldom the case […]
What is a certified financial planner?
A certified financial planner (CFP) is a designation that is recognised in 27 territories around the world, and is the standard of excellence when it comes to financial planning Although there are now – in large part thanks to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry – far more stringent guidelines […]